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Business Plan

Why to deal with this? A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.

Business plans are decision-making tools. There is no fixed content for a business plan. Rather the content and format of the business plan is determined by the goals and audience. A business plan represents all aspects of business planning process declaring vision and strategy alongside sub-plans to cover marketing, finance, operations, human resources as well as a legal plan, when required. A business plan is a summary of those disciplinary plans.

When is it suitable/applicable? A business plan is needed because it provides specific and organized information about a company. It shows all of the business associates (bankers, lenders, partners etc.) what the business idea is exactly, borrowed money will be repaid, and helps to plan in detail all of the steps a company will take now and in the future. A business plan is a crucial part of any loan application. Additionally, it informs sales personnel, suppliers, and others about the companies’ operations and goals.
When is it NOT suitable/applicable? n/a
What costs are related to it (financial, time effort etc.)? Writing a business plan doesn't have to be a laborious, months-long endeavor, but it will involve taking the time to think out how realistic your business idea is and whether it will make sense financially. The efforts are depending on the dimension of your project or loan. There are many consultants that write business plans.

What’s the relevant HTE output? Hightech Europe focuses more on technical rather than management issues. However, individual partners have the necessary expertise to provide information on business plans or can signpost you to the relevant organisations.
Whom can I talk to from the HTE team? ZENIT, Agropolis International, TEIN, Qualiméditerranée, TRITECC

Relevant internet links Links:
Online databases and tools Tools:
Where to get advice, consultancy? Advice:
  • Private consultancies
  • Clusters, technology centres and business incubators
  • Chambers of Commerce
  • Enterprise Europe Network partners
Related innovation sheets [[Related innovation sheets::Venture capital, Business angels, Marketing x feasibility, [Technical x feasibility]], Technical x feasibility, Financial x feasibility]]

Title Business Plan
Aspect Market
Latest Version 27.06.2012
Completed by ZENITwarning.png"ZENIT| ZENIT" cannot be used as a page name in this wiki.

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Created by Hte zenit on 27 June 2012, at 14:37